OCTOBER 2014 STR REPORT IS AVAILABLE ON THE MH&LA WEBSITE
To view the report go to mdlodging.org, click on Members – Statistics and Research and look for Maryland Monthly Statistics October 2014. NOTE: This report is provided as an MH&LA member service and requires member log in to access. For assistance contact firstname.lastname@example.org..
DIRE PROJECTIONS ON STATE BUDGET DEFICITS
If planned spending levels remain unchanged, the General Assembly’s Department of Legislative Services (DLS) projects a $300 million structural deficit in the 2015 fiscal year state budget, a $593 million structural deficit in fiscal year 2016 and a $1 billion structural budget deficit in fiscal year 2020.
STATE HOUSE HAS A NEW MAJORITY LEADER
Delegate Anne Kaiser (Montgomery County) replaces Delegate Kumar Barve (Montgomery County) who served as Majority Leader since 2003. Next year, Delegate Barve will chair a new Environment and Transportation Committee that replaces the former Environmental Matters Committee.
STATE HOUSE ALSO HAS NEW KEY COMMITTEE CHAIRS
Delegate Maggie McIntosh (Baltimore City) will chair the Appropriations Committee. Delegate Adrienne Jones (Baltimore County) will chair the Education & Economic Development Sub Committee of the Appropriations Committee. Both committees review tourism promotion funding in the state budget.
STUDIES DIFFER ON TAX REVENUE FROM STATE FILM TAX CREDIT
The General Assembly’s Department of Legislative Services (DLS) concludes that for every dollar granted in credits, the tax revenue is 10 cents. The Regional Economic Studies Institute at Towson University concludes the tax revenue is $1.03. A public hearing on the DLS study is next month.
PRINCE GEORGE’S COUNTY COUNCIL WRAP UP
At the last Prince George’s County Council Session of 2014, the Council approved two ordinances intended to address human trafficking/prostitution at County hotels and also approved a ban the box ordinance. For more details on these new ordinances, contact David Reel at email@example.com.